CytRx Corporation (Nasdaq:CYTR) reached up 10.29% in morning trading to $.8051 with 750K shares traded. CytRx Corporation is a biopharmaceutical research and development oncology company engaged in the development of high-value human therapeutics. The CytRx oncology pipeline includes three programs in clinical development for cancer indications: INNO-206, tamibarotene and bafetinib. With its tumor-targeted doxorubicin conjugate INNO-206, CytRx plans to initiate a Phase 2b clinical trial as a treatment for soft tissue sarcomas in 2011, following a Phase 1b dose escalation safety trial. The Company is evaluating bafetinib in the ENABLE Phase 2 clinical trial in high-risk B-cell chronic lymphocytic leukemia (B-CLL) and the PROACT Phase 2 clinical trial in advanced prostate cancer, and is conducting a pharmacokinetic clinical trial in brain cancer. CytRx's pipeline also includes tamibarotene, which it is testing in a double-blind placebo-controlled Phase 2 clinical trial in patients with non-small-cell lung cancer, and which is in a registration clinical trial as a treatment for acute promyelocytic leukemia (APL). CytRx Corporation (Nasdaq:CYTR - News) yesterday announced that its tumor-targeted doxorubicin conjugate, INNO-206, is delivering doxorubicin safely at doses over 4 times higher than the standard doxorubicin dose in the Company’s open-label Phase 1b safety and dose escalation clinical trial. The clinical trial is being conducted in up to 24 patients with advanced solid tumors who have failed standard therapies.
Gold River Productions (PINK:GRPS) reached up 20% in morning trading to $.0012 with 43M shares traded. Gold River Productions, Inc., through its wholly owned subsidiary AeroQuest Technologies, is the innovator, manufacturer and marketer of renewable energy technologies and all-composite products. The Company's proprietary, fiber-reinforced thermoplastic technology combines a matrix of polypropylene with other core materials to produce sandwich panels and other products that are ultra-strong, impervious to chemicals, cost 50% less to produce and are typically 40%-60% lighter than those made by conventional methods. Gold River Productions (Pinksheets:GRPS - News) announced today details of its latest innovation for the marine industry, the all composite sea freight container. The Company's sea freight containers can reduce the weight of today's standard products by up to 60%, are extremely durable, will not rust or corrode, and cost less to produce due to its lightweight, thermoplastic material.
China Auto Logistics Inc. (NASDAQ:CALI) reached up 98.28% in morning trading to $2.30 with 1M shares traded. China Auto Logistics Inc. (the "Company" or "CALI") (NASDAQ:CALI - News), one of China's leading developers of automobile-related websites, a top seller in China of imported luxury vehicles and a leading provider in China of automobile-related services, announced today it successfully closed the sale on July 1 of three million unregistered common shares to accredited individual investors at an above market price of $1.75 per share, raising a total of $5.25 million for general corporate purposes.
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